Excellence in Research and Teaching

CEMFI is a leading graduate school in Economics in the heart of Madrid.

Master in Economics and Finance

A rigorous two-year program that successfully places students in the professional job market as well as in top doctoral programs.

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PhD in
Economics

A selective doctoral program that is endorsed by the quality of its placements and the career paths of its graduates.

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Undergraduate Summer Internships

An opportunity to gain valuable work experience in economic research and data analysis.

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Research

Our faculty are leaders in their fields of expertise and regularly publish in the leading journals of Economics.

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Summer
School

Intensive, one-week courses covering the most recent developments in fields within CEMFI's range of expertise.

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Recent publications

Nezih Guner, Ezgi Kaya and Virginia Sánchez Marcos

International Economic Review, 2024.

Fatih Karahan, Kurt Mitman and Brendan Moore

Journal of Political Economy, 2025.

Gur Huberman and Rafael Repullo

Journal of Financial Intermediation, 2025.

Natalia Fabra and Gerard Llobet

International Journal of Industrial Organization, 2025.

Gilles Duranton and Diego Puga

Econometrica, 2023.